REBEL MP Geoff Shaw took a swipe at the media today after charges against him were sensationally dropped in court.

The development happened this morning at Melbourne Magistrates' Court.

Prosecutor Ray Elston SC told magistrate Charlie Rozencwajg that the Director of Public Prosecutions would not be pursuing the 24 charges against Mr Shaw, relating to alleged misuse of a taxpayer-funded vehicle and fuel card.

Mr Shaw was not in court for the hearing, which was not listed on public court lists.

Mr Elston said there would be no order for costs in the case.

Speaking to the media outside his Frankston electorate office, Mr Shaw said he was "very pleased" the charges had been dropped.

"I'll just enjoy today and go about my business looking after Frankston," Mr Shaw said.

"I'll do the best I can for this great area."

He said the case was a waste of taxpayer money and refused to speculate on whether he would seek to rejoin the parliamentary Liberal Party.

"I haven't closed my doors at all," he said.

He also took a swipe at journalists, saying no weight had been lifted off his shoulders because the media were still pursuing him.

"I don't listen to your news and I don't read the Herald Scum or The Age," he said.

"What I do is what I do.

"The point is, I came out here as you guys were out here hovering like the ... vultures that you are, is just to come out and say I am very pleased with today's result."

In a prepared statement issued to the media, Mr Shaw added: "Three years ago I was elected to represent the people of Frankston, a task which I have been dedicated to.

"Today's announcement enables me to continue my passionate advocacy for my home - the electorate of Frankston - without distraction.

Deputy Premier Peter Ryan said Opposition Leader Daniel Andrews should reconsider his previous comments about Mr Shaw and the allegations against him.

"When people, particularly like Daniel Andrews, say as they have said throughout and make all sorts of commentary, much of it defamatory, in relation to Mr Shaw, perhaps it's time for Mr Andrews and Labor to reflect.

"It goes to just illustrate, I think, every person is entitled to the presumption of innocence, as I have said throughout this whole saga.

"The charges have been dropped and as I understand it the matter is now complete."

When asked whether Mr Shaw would return to the Parliamentary Liberal Party Mr Ryan said it was a matter for Mr Shaw how he conducted himself as an Independent member.

"Well he's not a member of the Liberal Party, he never was a member of the National Party, in the parliamentary party sense, and he is an independent member of the parliament, he continues to make a contribution in that role and as to how he conducts himself in that regard, of course that's entirely a matter for him."

"The Premier has said previously very clearly he does not anticipate any situation where Geoff Shaw would come back into the Parliamentary Liberal Party," he said.

He said he had not spoken to Mr Shaw today and was not aware of any government MPs who had.

Geoff Shaw says he is ready to “enjoy” the day after the charges were dropped. Picture: Norm OorloffSource: News Limited

Deputy Opposition Leader James Merlino said the decision was "convenient for Geoff Shaw and Denis Napthine".

"After a scathing Ombudsman's report that found that Geoff Shaw rorted Victorian taxpayers Geoff Shaw's only sanction will be from a Parliamentary Committee stacked by his own colleagues," Mr Merlino said.

"Most Victorians will think that something stinks about this decision, it is hard to understand how at this late stage in the process the DPP doesn't think that there's a reasonable prospect for a conviction."

Mr Merlino refused to say whether he still had confidence in the DPP and its independence.

"I'm like most Victorians, shaking my head today," he said.

Mr Shaw was facing 23 counts of obtaining financial advantage by deception and one of misconduct in public office.

The matter was not listed to be heard today but prosecutors asked to appear for an urgent mention.

"The Director of Public Prosecutions John Champion S.C. today withdrew all outstanding criminal charges against Mr Geoff Shaw in the Magistrates' Court.

Mr Shaw was charged by Victoria Police with 23 charges of obtaining property by deception and one charge of misconduct in public office.

The Office of Public Prosecutions received the brief for this matter on 8 October 2013.

Upon reviewing the brief of evidence, the DPP consented to an application by the defence for the matter to be referred to the Magistrates' Court Diversion Program on one rolled-up charge of obtaining financial advantage by deception.

The criteria for a matter to be recommended for a Diversion Order includes that the accused person acknowledges responsibility for the offence, and that the Prosecution consents. An acknowledgement of responsibility is not the same as an acknowledgement of guilt, and a Diversion Order does not constitute a criminal conviction.

A Magistrate subsequently determined that the matter was not suitable for diversion and Mr Shaw's counsel indicated that he would plead not guilty to the reinstated charges.

The DPP has determined (in accordance with the criteria in his Policy relating to prosecutorial discretion, available on the OPP website) that there is not a reasonable prospect of criminal conviction in this matter.

As the matters alleged against Mr Shaw have been referred to the Parliamentary Privileges Committee, it is not appropriate for the Director to comment further."

March 1992: Geoff Shaw is found guilty of unlawful assault while working as a bouncer in Frankston, but no conviction was recorded.

August 2011: Police are forced to intervene in a road rage incident between Mr Shaw and a motorist.

May 2012: The Sunday Herald Sun reveals Mr Shaw had allegedly used his parliamentary car and fuel card to make deliveries for his hardware business.

October 25, 2012: Video emerges of Mr Shaw allegedly making a crude gesture in Parliament.

March 6, 2013: Mr Shaw sensationally quits the Liberal Party hours before then premier Ted Baillieu falls on his sword over the police tapes scandal.

September 17, 2013: Police charge Mr Shaw with one count of misconduct in public office and 23 charges of obtaining financial advantage by deception.

October 15, 2013: Mr Shaw is involved in a scuffle with protesting taxi drivers on the steps of Parliament in which an elderly man was left with a bloodied face. Mr Shaw later won a bid to have the protesters brought before a parliamentary committee.

October 21, 2013: It emerges high-profile counsel Robert Richter QC was hired by Mr Shaw to defend charges.

November 21, 2013: After his 24 charges are rolled into one count of obtaining financial advantage by deception, Mr Shaw loses his bid to be placed on a court diversion program and all charges are reinstated.

December 3, 2013: All charges against Mr Shaw are dropped by prosecutors.

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